PermRock Royalty Trust 8-K Summary
Business Context and Reporting Period
This Form 8-K was filed on December 20, 2021, by PermRock Royalty Trust (the "Trust"). The Trust is a Delaware entity managed by Simmons Bank as Trustee. The filing primarily announces a cash distribution to record holders of Trust Units as of December 31, 2021, based on production during October 2021.
Key Financial Metrics
- Cash Distribution: Total amount of $849,894.20.
- Distribution Per Unit: $0.069859 per Trust Unit.
- Payment Date: January 14, 2022.
- Revenue, Profit, and Margins: The filing text does not provide specific values for revenue, net income, operating margins, or cash flow for the period.
- Debt and Liquidity: The filing text does not provide specific values for debt levels or liquidity metrics.
Material Changes
The filing does not explicitly detail material changes in financial condition compared to prior periods, other than the announcement of the specific distribution amount derived from October 2021 production.
Outlook, Risks, and Management Commentary
The Trust has no directors or executive officers; operations are managed by the Trustee. The distribution is based principally on production during October 2021. The filing notes that the information is "furnished" and not "filed" for purposes of Section 18 of the Exchange Act. No specific forward-looking guidance, risk factors, or contingencies are detailed within the text of this specific 8-K form.
Investor Verification Checklist
- Verify the record date of December 31, 2021, to confirm eligibility for the distribution.
- Confirm the payment date of January 14, 2022, for cash receipt timing.
- Review the attached Press Release (Exhibit 99.1) for detailed production data underlying the October 2021 distribution calculation.
- Check subsequent filings for updated production volumes and future distribution estimates.